Sistema to roll out pan-India mobile services

Published: Tuesday, February 12, 2008, 19:34 [IST]

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New Delhi, Feb 12 (UNI) Sistema, the largest public diversified corporation in Russia, today said that it will go in for a pan-India roll out of mobile network services in the next two years after increasing its current stake from 51 per cent to 74 per cent in Shyam Telelink.

''We will be rolling out a pan-India mobile service. The decision on whether to go for CDMA or GSM based services will be done only after we know what frequencies (spectrum) we get,'' company's President and CEO Alexander Goncharuk told reporters here.

The company currently runs telecom services with Shyam Telelink, which offers CDMA-based services in Rajasthan.

Sistema also plans to borrow 10-14 billion dollars for its worldwide operations and has already invested 500 million dollars in the country.

''The investment will be done in various fields, but I won't be able to give a breakup at this moment,'' company's chairman Vladimir Evtushenkov told reporters here.

The company also plans to venture into manufacturing, sim card production, micro devices and infrastructure, Mr Goncharuk added.